Why is Sumedha Fiscal falling/rising?
As of 18-Sep, Sumedha Fiscal Services Ltd's stock price is declining at 56.50, down 0.79%, and has underperformed its sector. It is trading below all key moving averages, indicating a bearish trend, with a significant year-to-date drop of 39.25% amidst a generally rising market.
As of 18-Sep, Sumedha Fiscal Services Ltd is experiencing a decline in its stock price, currently at 56.50, which reflects a decrease of 0.45 or 0.79%. The stock has underperformed its sector by 1.12% today and has fallen after two consecutive days of gains. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a drop of 54.89% compared to the 5-day average, suggesting reduced investor participation. Over the past month, the stock has seen a substantial decline of 7.04%, while its year-to-date performance shows a staggering drop of 39.25%.In the broader market context, the Sensex has increased by 1.80% over the past week and 2.14% over the past month, indicating a positive trend in the overall market. However, Sumedha Fiscal's performance contrasts sharply with this, as it has not only underperformed in the short term but also shows a significant decline over the year and three years, with losses of 1.82% and 48.50%, respectively. This stark difference highlights the challenges faced by Sumedha Fiscal in attracting investor interest and maintaining its stock value amidst a generally rising market.
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